However, our fascination with the latest, and our undervaluation of what has already become common, has led us in all sorts of wrong directions.

然而，我们迷恋最新事物，同时低估已经变得普通的事物，把我们引向了错误的方向。

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In the long term, however, the yen's huge undervaluation means that it will eventually bounce back.

从长期的角度来看，对日元的严重低估意味着它将逐渐反弹回升。

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On the first, estimates of the extent of undervaluation vary hugely: some even argue the renminbi is overvalued.

首先，人们对于人民币低估程度的估算大相径庭：一些人甚至宣称，人民币高估了。

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Since the Alibaba deal has already been announced, implying a relatively certain value, the stand-alone undervaluation of Yahoo!

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And, if they have been underpriced, why investors, hungry to capitalize on that apparent past inefficiency, won't bid up prices until the undervaluation no longer remains.

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Either way, the undervaluation of an asset that let one person make a great return may disappear now that buyers and sellers know more information about the market.

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